It’s inevitable that, on any given day, Wall Street is mispricing a publicly traded security’s option premium. Specifically, the standard Black-Scholes model effectively states the following for debit ...

The Andersson-Madigan-Perlman (AMP) Markov property is a recently proposed alternative Markov property (AMP) for chain graphs. In the case of continuous variables with a joint multivariate Gaussian ...

Advances in machine learning, including deep learning, have propelled artificial intelligence (AI) into the public conscience and forced executives to create new business plans based on data. However, ...

Markov processes form a fundamental class of stochastic models in which the evolution of a system is delineated by the memoryless property. In such processes, the future state depends solely on the ...